The Central Bank is moving towards the settlement of a new batch of assets of open banks in Erbil and Sulaymaniyah

(Baghdad: Al-Furat News) The Central Bank of Iraq to settle a new batch of assets of open banks in the branches of the Central Bank / Erbil and Sulaymaniyah, which arose out of their cash deposits, while the amounts settled by the sukuk are settled.

The bank said in a statement received by the agency {Euphrates News} a copy of it today that “based on the efforts made by the Central Bank of Iraq and the Kurdistan Regional Government, has been in 2017 and 2018 pay large amounts of dinars and dollars to open banks accounts in the branch of the Central Bank / Erbil to settle its assets Creditors in the Branch “.

He added that “the Central Bank is in the process of distributing new amounts to settle all the funds that were deposited in cash .. Later are settling the balances that arose over the deposit of Sukuk, although most banks had accepted these instruments contrary to the guidance of the Government of the Territory and branches of the Bank / Erbil and Sulaymaniyah.

“The Central Bank confirms that credit balances arose when the two branches were linked to the Ministry of Finance in the region.”

Keywords: Alforatnews.com